Banyan Strengthens Technical Team with Appointments of Vice President of Exploration, Key Geological Positions and Independent Advisor
Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF) has strengthened its technical team with key appointments to advance its AurMac Project in Yukon Territory. Duncan MacKay, P.Geo., joins as Vice President of Exploration, bringing over 15 years of experience in mining and mineral exploration. Kate Hudek has been appointed as Database/GIS Manager, while Keagan Parry takes on the role of Senior Geologist. Additionally, Frank Wright, P.Eng., with 40+ years of experience in mineral processing, joins as an independent Advisor on Metallurgy.
The company has granted 1,100,000 stock options at an exercise price of $0.25 per share with a vesting period of up to 18 months and a five-year term. Banyan's primary asset, the AurMac Project, has a current inferred Mineral Resource Estimate of 7.0 million ounces of gold as of February 6, 2024. The 173 square kilometer project is located 40 km from Mayo, Yukon, with existing infrastructure including highway access and power. The company plans to deliver its maiden Preliminary Economic Assessment in 2025.
Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF) ha rafforzato il suo team tecnico con nomine chiave per far avanzare il suo Progetto AurMac nel Territorio dello Yukon. Duncan MacKay, P.Geo., entra come Vice Presidente dell'Esplorazione, portando oltre 15 anni di esperienza nel settore minerario e nell'esplorazione minerale. Kate Hudek è stata nominata Manager del Database/GIS, mentre Keagan Parry assume il ruolo di Geologo Senior. Inoltre, Frank Wright, P.Eng., con oltre 40 anni di esperienza nella lavorazione dei minerali, entra come Consulente indipendente in Metallurgia.
L'azienda ha concesso 1.100.000 opzioni su azioni a un prezzo di esercizio di $0,25 per azione, con un periodo di vesting fino a 18 mesi e un termine di cinque anni. L'asset principale di Banyan, il Progetto AurMac, ha una stima attuale delle Risorse Minerarie Inferred di 7,0 milioni di once d'oro a partire dal 6 febbraio 2024. Il progetto di 173 chilometri quadrati si trova a 40 km da Mayo, Yukon, con infrastrutture esistenti che includono accesso stradale e energia. L'azienda prevede di presentare la sua prima Valutazione Economica Preliminare nel 2025.
Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF) ha fortalecido su equipo técnico con nombramientos clave para avanzar en su Proyecto AurMac en el Territorio de Yukon. Duncan MacKay, P.Geo., se une como Vicepresidente de Exploración, aportando más de 15 años de experiencia en minería y exploración mineral. Kate Hudek ha sido nombrada Gerente de Base de Datos/GIS, mientras que Keagan Parry asume el rol de Geólogo Senior. Además, Frank Wright, P.Eng., con más de 40 años de experiencia en procesamiento de minerales, se une como Asesor independiente en Metalurgia.
La compañía ha otorgado 1,100,000 opciones sobre acciones a un precio de ejercicio de $0.25 por acción, con un período de adquisición de hasta 18 meses y un plazo de cinco años. El principal activo de Banyan, el Proyecto AurMac, tiene una estimación actual de Recursos Minerales Inferidos de 7.0 millones de onzas de oro a partir del 6 de febrero de 2024. El proyecto de 173 kilómetros cuadrados se encuentra a 40 km de Mayo, Yukon, con infraestructura existente que incluye acceso por carretera y energía. La compañía planea presentar su primera Evaluación Económica Preliminar en 2025.
바니안 골드 코퍼레이션 (TSXV:BYN)(OTCQB:BYAGF)은 유콘 준주에 있는 오르맥 프로젝트를 발전시키기 위해 주요 인사를 임명하여 기술 팀을 강화했습니다. Duncan MacKay, P.Geo.가 탐사 부사장으로 합류하여 15년 이상의 광업 및 광물 탐사 경험을 제공합니다. Kate Hudek는 데이터베이스/GIS 관리자에 임명되었으며, Keagan Parry는 수석 지질학자의 역할을 맡았습니다. 또한, Frank Wright, P.Eng.가 40년 이상의 광물 가공 경험을 바탕으로 독립적인 금속학 자문으로 합류합니다.
회사는 주당 $0.25의 행사가로 1,100,000개의 스톡 옵션을 부여했으며, 최대 18개월의 베스팅 기간과 5년의 기간을 갖습니다. 바니안의 주요 자산인 오르맥 프로젝트는 2024년 2월 6일 기준으로 700만 온스의 금 추정 자원을 보유하고 있습니다. 173평방킬로미터 규모의 이 프로젝트는 유콘주 메이오에서 40km 떨어진 곳에 위치하고 있으며, 도로 접근성과 전력 등 기존 인프라를 갖추고 있습니다. 회사는 2025년에 첫 번째 예비 경제 평가를 발표할 계획입니다.
Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF) a renforcé son équipe technique avec des nominations clés pour faire avancer son projet AurMac dans le Territoire du Yukon. Duncan MacKay, P.Geo., rejoint l'entreprise en tant que vice-président de l'exploration, apportant plus de 15 ans d'expérience dans l'exploitation minière et l'exploration minérale. Kate Hudek a été nommée responsable de la base de données/GIS, tandis que Keagan Parry prend le rôle de géologue senior. De plus, Frank Wright, P.Eng., avec plus de 40 ans d'expérience dans le traitement des minéraux, rejoint l'équipe en tant que conseiller indépendant en métallurgie.
L'entreprise a accordé 1 100 000 options d'achat d'actions à un prix d'exercice de 0,25 $ par action, avec une période d'acquisition allant jusqu'à 18 mois et une durée de cinq ans. L'actif principal de Banyan, le projet AurMac, a une estimation actuelle des ressources minérales inférées de 7,0 millions d'onces d'or à partir du 6 février 2024. Le projet de 173 kilomètres carrés est situé à 40 km de Mayo, Yukon, avec une infrastructure existante comprenant un accès routier et de l'énergie. L'entreprise prévoit de présenter sa première évaluation économique préliminaire en 2025.
Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF) hat sein technisches Team mit wichtigen Ernennungen gestärkt, um das AurMac-Projekt im Yukon-Territorium voranzubringen. Duncan MacKay, P.Geo., tritt als Vizepräsident für Exploration bei und bringt über 15 Jahre Erfahrung in der Bergbau- und Mineralexploration mit. Kate Hudek wurde zur Datenbank/GIS-Managerin ernannt, während Keagan Parry die Rolle des Senior Geologen übernimmt. Zudem kommt Frank Wright, P.Eng., mit über 40 Jahren Erfahrung in der Mineralverarbeitung als unabhängiger Berater für Metallurgie hinzu.
Das Unternehmen hat 1.100.000 Aktienoptionen zu einem Ausübungspreis von 0,25 $ pro Aktie mit einer Vestingperiode von bis zu 18 Monaten und einer Laufzeit von fünf Jahren gewährt. Das Hauptvermögen von Banyan, das AurMac-Projekt, hat zum 6. Februar 2024 eine derzeitige geschätzte Mineralressource von 7,0 Millionen Unzen Gold. Das 173 Quadratkilometer große Projekt befindet sich 40 km von Mayo, Yukon, entfernt und verfügt über bestehende Infrastrukturen, darunter Straßenanbindung und Stromversorgung. Das Unternehmen plant, 2025 seine erste vorläufige wirtschaftliche Bewertung vorzulegen.
- Strengthened technical team with experienced professionals to advance exploration
- Current inferred Mineral Resource Estimate of 7.0 million ounces of gold at AurMac Project
- Maiden Preliminary Economic Assessment planned for 2025
- AurMac Project benefits from existing infrastructure (highway access, power)
- Mineral Resources are not Mineral Reserves and have not demonstrated economic viability
- Inferred resources have insufficient exploration to be classified as Indicated Mineral Resources
VANCOUVER, BC / ACCESS Newswire / February 25, 2025 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce the appointments of Duncan MacKay to its management team as Vice President of Exploration. Banyan also welcomes the appointment of Frank Wright as an independent Advisor on Metallurgy and key senior positions with Kate Hudek as Database/GIS Manager and Keagan Parry as Senior Geologist
"We are pleased to welcome these highly skilled professionals to the Banyan team. Their extensive expertise will be instrumental in advancing our exploration efforts and unlocking the full potential of our projects," stated Tara Christie, President & CEO of Banyan Gold Corp. "These additions to our technical team, strengthen our ability to continue to grow and refine our exploration strategy, advance AurMac towards development and deliver our maiden Preliminary Economic Assessment in 2025."
Vice President of Exploration
Duncan Mackay, P.Geo., is an accomplished professional geologist with over 15 years of experience in the mining and mineral exploration industry. Duncan has worked with leading companies such as Yamana Gold and New Gold, holding key roles in 3D modelling, project management, and exploration program design and execution. He has extensive experience in exploration target generation and evaluation across numerous styles of gold mineralization throughout the Americas and has worked in grassroots roles through to mine exploration programs. His expertise extends to drill target generation, ore trend interpretation, and resource estimation, having managed multi-drill programs in remote locations during his time as a Project Geologist at Yamana Gold. With an M.Sc. in Earth and Ocean Sciences from the University of Victoria, Duncan's strong technical skills, leadership abilities, and commitment to safety have allowed him to make significant contributions to various successful exploration projects.
Database/GIS Manager
Kate Hudek is a dedicated professional geologist with 10 years of experience in exploration, mining, and environmental consulting. Kate has extensive experience in GIS, data administration, technical and professional writing and project support. Throughout her career, she has held key positions, including QAQC and Database Coordinator at Yamana Gold and Environmental Professional roles where she was responsible for creating environmental reports, managing geological data, and implementing quality assurance programs. Kate has also managed drill programs, contributed to geological modeling, and developed site-specific policies. A registered Professional Geologist (P. Geo) with a Bachelor of Science in Geological Sciences from the University of Manitoba, Kate is proficient in a variety of software tools. Kate is committed to advancing her technical expertise and making impactful contributions to innovative projects that drive progress and excellence in the geoscience field.
Senior Geologist
Keagan Parry has been a key member of the Banyan team since March 2021. Keagan's career began with roles as a Junior Geologist, working on prominent projects like Taseko's Gibraltar Mine, the Coffee Gold Project with Goldcorp/Newmont, and the Eskay Creek Project with Skeena Resources. He has a strong background in geological modeling, geotechnical drilling, and field mapping. His technical expertise extends to 3D geological and hydrological modeling and his field experience spans from overseeing drill rigs to managing core logging and geochemical data analysis. In addition to his practical experience, Keagan is pursuing an MSc. at the University of Alberta, focusing on geological and mineralization characterization of the AurMac gold deposit and will be joining Banyan full time in May with the completion of his degree. He holds a B.Sc. (Hons) in Geological Sciences from the University of British Columbia, where he graduated with distinction and completed a thesis on post-mineralization deformation in orogenic gold deposits.
New Advisor
Frank Wright, P.Eng., is a seasoned professional with over 40 years of experience in mineral processing, hydrometallurgy, and mine environmental consulting. As the principal of F. Wright Consulting Inc. since 1998, he has worked with numerous mining companies, offering his expertise in project management, process design, and technical reporting. His extensive work includes overseeing laboratory programs, pilot plant installations, and troubleshooting for mining projects, as well as conducting environmental studies to address issues like acid rock drainage and cyanide destruction. Frank has served as an independent Qualified Person ("QP") for several NI 43-101 technical reports, offering valuable insights to junior and mid-tier mining companies. His recent projects include work with Thesis Gold Inc., Freeman Gold Corp. and NorZinc Corp., where he has provided metallurgical consulting and assisted in developing economic evaluations and technical reports. Holding a Bachelor of Science in Metallurgical Engineering from the University of Alberta and a Bachelor of Business Administration from Simon Fraser University, Frank has also been involved in business development, financing efforts, and served on advisory panels for public mining companies.
Grant of Options
The Board of Directors of the Company have granted 1,100,000 stock options to purchase 1,100,000 shares at an exercise price of
The stock options are being issued to employees, consultants, advisors and exploration staff of the Company. The options were granted under and are subject to the terms and conditions of the Company's stock option plan.
Upcoming Events
Tombstone Gold Rush Breakfast - Fireside Chat - Toronto, March 3, 2025
7:00 AM to 9 AM EST
7:30 AM to 9 AM EST Webinar
PDAC, Toronto, March 2 - 5, 2025
Exhibitor Booth No. 2213, March 2 - 3
SMI Conference, Zurich, March 18 - 19, 2025
Qualified Persons
Paul D. Gray, P.Geo., is a "qualified person" as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101"), and has reviewed and approved the content of this news release. Mr. Gray is a consultant to Banyan and has verified the data disclosed in this news release, including the sampling, analytical and test data underlying the information.
About Banyan
Banyan's primary asset, the AurMac Project is located in Canada's Yukon Territory. The current inferred Mineral Resource Estimate ("MRE") for the AurMac Project of 7.0 million ounces has an effective date of February 6, 2024.
The 173 square kilometres ("sq km") AurMac Project lies 40 km from Mayo, Yukon. The AurMac Project is transected by the main Yukon highway and benefits from a 3-phase powerline, existing power station and cell phone coverage. Banyan has the right to earn up to a
The inferred MRE for the AurMac Project was prepared on February 6, 2024, and consisted of 7,003,000 ounces of gold (see Table 1) hosted within near surface, road accessible pit constrained Mineral Resources contained in two near/on-surface deposits: the Airstrip and Powerline Deposits.
Table 1: Pit-Constrained Inferred Mineral Resources - AurMac Project
Deposit | Gold Cut-Off (g/t) | Tonnage | Average Gold Grade (g/t) | Contained Gold (oz.) |
Inferred | ||||
Airstrip | 0.30 | 35,243,000 | 0.75 | 845,000 |
Powerline | 0.30 | 312,243,000 | 0.61 | 6,158,000 |
Total Combined | 0.30 | 347,486,00 | 0.63 | 7,003,000 |
Notes:
The effective date for the MRE is February 6, 2024, and was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent Qualified Person in accordance with the requirements of NI43-101. The technical report supporting the Resource Estimate entitled "AurMac Property, Mayo Mining District, Yukon Territory, Canada" (the "Technical Report") has been filed on SEDAR at www.sedarplus.ca on March 18, 2024.
Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, changes in global gold markets or other relevant issues.
The CIM Definition Standards were followed for classification of Mineral Resources. The quantity and grade of reported Inferred Mineral Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Mineral Resources as an Indicated Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category.
Mineral Resources are reported at a cut-off grade of 0.30 g/t gold for all deposits, using a US$/CAN$ exchange rate of 0.75 and constrained within an open pit shell optimized with the Lerchs-Grossman algorithm to constrain the Mineral Resources with the following estimated parameters: gold price of US
$1,800 /ounce, US$2.50 /t mining cost, US$5.50 /t processing cost, US$2.00 /t G+A,80% gold recoveries, and 45° pit slopes.The number of tonnes and ounces was rounded to the nearest thousand. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations as per NI 43-101.
In addition to the AurMac Project, the Company holds the Hyland Gold Project, located 70 km Northeast of Watson Lake, Yukon, along the Southeast end of the Tintina Gold Belt (the "Hyland Project"). The Hyland Project represents a sediment hosted, structurally controlled, intrusion related gold deposit, within a large land package (over 125 sq km), accessible by a network of existing gravel access roads.
Banyan trades on the TSX-Venture Exchange under the symbol "BYN" and is quoted on the OTCQB Venture Market under the symbol "BYAGF". For more information, please visit the corporate website at or contact the Company.
ON BEHALF OF BANYAN GOLD CORPORATION
(signed) "Tara Christie"
Tara Christie
President & CEO
For more information, please contact:
Tara Christie • 778 928 0556 • tchristie@banyangold.com
Jasmine Sangria • 604 312 5610 • jsangria@banyangold.com
CAUTIONARY STATEMENT: Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) nor OTCQB Venture Market accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
FORWARD LOOKING INFORMATION: This news release contains forward-looking information, which is not comprised of historical facts and is based upon the Company's current internal expectations, estimates, projections, assumptions and beliefs. Such information can generally be identified by the use of forwarding-looking wording such as "may", "will", "expect", "estimate", "anticipate", "intend(s)", "believe", "potential" and "continue" or the negative thereof or similar variations. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's plans for exploration; and statements regarding exploration expectations, ease and confidence in increasing ounces, exploration or development plans and timelines; mineral resource estimates; mineral recoveries and anticipated mining costs. Factors that could cause actual results to differ materially from such forward-looking information include uncertainties inherent in resource estimates, continuity and extent of mineralization, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, and the other risks involved in the mineral exploration and development industry, enhanced risks inherent to conducting business in any jurisdiction, timing and risk of earning the final
SOURCE: Banyan Gold Corp.
View the original press release on ACCESS Newswire
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